Please describe your proposed solution.
THE PROBLEM
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Is seeking fund hard?
In today's world:
- There are thousands of projects that can easily secure funding on Kickstarter.
- Similarly, if you have an idea and a plan, starting a company simply requires finding investors to obtain the initial capital.
- Furthermore, if you organize an event and have a proposal with specific program details, dedicated efforts in seeking investors can lead to successful funding.
However, what about artists? Especially new artists or those seeking to transition to comic series driven by their passion and dreams. While the transition may be straightforward because they have great skills and passion abundant, starting with an empty purse is far from easy. Moreover, it is rare for anyone to invest in artists with such risky ideas. As a result, a significant number of comic artists have been forced to relinquish their dreams due to the initial funding challenges. Even well-known story projects have been halted due to insufficient resources.
> <u>Fun fact</u>: Even Catalyst is open but still hard for artist.
And scammers make it harder
It is unfortunate that there have been numerous instances of failed Kickstarter fundraising campaigns, resulting in contributors losing their investments. Some of these projects have faced bankruptcy, while others have been involved in scams, deceiving Kickstarter investors. One prominent example of such a case is the DreamWorld PC MMO project, which gained significant attention due to its failure.
HOW WE CAN SOLVE IT WITH CARDANO?
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We have SPOs
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If someone only needs a small amount of money for a few days or within a month, such as a YouTuber with a new idea for creating a toy and wants their fans to support them, we can assist through our fast fund pool, utilizing franken addresses to facilitate the process. All they need to do is:
(1) Connect their wallet
(2) Request help through a fast proposal
(3) Await shared rewards from those who appreciate their ideas.
What about larger funds? There are three options available:
- Crowdfunding: Unlike traditional web2 crowdfunding platforms, but more than that, contributors can receive unique NFT gifts that can be utilized in future loyalty programs.
- Normal SPO (Stake Pool Operator): Instead of starting from scratch and spending months building a community, they can come to us, establish trust, and seek assistance. We are here to help them raise their dedicated fans.
- We also offer assistance in raising funds from our treasury, similar to what we are doing on the Catalyst project now!
And we have marketplace with
flexible smart contract design
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It have all basic features of a marketplace: buy/ sell/ auction/ collection…
And the different is AI recommendation: It will tailor interface to accommodate users' preferences based on their behavior, ensuring a personalized experience that allows them to swiftly and efficiently access their desired assets. Similar to how Netflix recommends shows based on your tastes, our platform will provide relevant suggestions and options that align with each user's preferences, making it easier for them to find exactly what they need.
Last but not least: a marketplace will be more fun when having social communication tool like facebook messenger, but the thing is you can even create new smart contract and trade your asset within them.
SO, WHY SHOULD PEOPLE CHOOOSE OUR PLATFORM?
If the details mentioned above are not sufficient to convince you, please take a moment to consider the following benefits:
- **<u>Less scammer: </u>**Focus on the artist market, with a particular emphasis on comic artists by collaborating with projects like MiToon and other digital art ventures. This approach enables us to cultivate a community that deeply understands and can better evaluate the abilities of comic artists. It fosters a safer ecosystem with fewer scammers.
- <u>Funding Faster:</u> Our progress is expedited compared to the Catalyst project since we concentrate solely on one category.
- **<u>From zero to the moon easier: </u>**Minimize the challenges and risks of getting started. Artists can begin with small funds through fast funding, making it easier for the community to invest in them without the need for substantial approval. Once an artist gains the community's trust, they can prepare for larger funding through other methods. As they progress, they will learn how to manage their cash flow effectively, so they can use crowdfunding for product pre-sales. Ultimately, artists can establish their own SPO with the support of their fan base.
- <u>Tansparency and Security:</u> Security is assured with Cardano, giving us a compelling advantage in convincing other artists to join our platform.
- Last but not least, our solution enables other dApps and platforms to integrate and benefit from our efforts, saving them time and resources in building similar functionalities.
In summary, our platform offers numerous advantages for artists, including a focus on their specific market, reduced barriers to entry, the trusted environment of Cardano, and the potential for collaboration with other platforms.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
That's great when our platform is developed based on Cardano technology and incorporates features such as SPOs and smart contracts. It provides a strong foundation for the platform to serve the needs of the traditional market and bring users on-chain. Additionally, there are more impact we bring to the ecosystem like:
Quality impact
- Contribute to the growth and development of the SPO ecosystem: our platform is a SPO-based project that focuses on supporting artists and creative projects, which that market, we can make some noise then posibility incentivize the building of more SPO-based projects on Cardano.
- More adopter: By targeting artists and offering them a platform specifically designed for their needs, we will attract a new segment of users to the Cardano ecosystem including artists, their fans from traditional market. This can increase the adoption, amount of new wallets, investors… on Cardano ecosystem.
- Number of community and conversations: Our platform fosters a sense of community by bringing artists and their supporters together. This community engagement aligns with the goal of creating conversations, connections, and collaborations within the SPO ecosystem. That will make the Cardano platform be well-known to other industry.
- Integration opportunities: Our solution's potential for integration with other dApps and platforms can foster collaboration within the Cardano ecosystem. This can create a network effect and stimulate innovation as different projects leverage the functionalities and benefits offered by our platform.
Quality Impacts
- Inspire other ideas: By showcasing the benefits, opportunities, and successes that can be achieved through our platform, we motivate and lead other projects to build their ideas on Cardano. As more projects witness the value and potential of the ecosystem, they may be encouraged to leverage Cardano's technology and infrastructure to create innovative solutions and contribute to the growth and development of the ecosystem.
- Enhanced reputation for Cardano: By providing a trusted environment with transparency and security, our platform can contribute to the overall reputation and credibility of the Cardano ecosystem. This can attract more users, developers, and investors to the Cardano platform.
And we're not going alone. Our platform collaborates with multiple projects within the Cardano ecosystem creates a sub-ecosystem of entertainment that also benefits the overall ecosystem. Through partnerships, we will expand the network, diversify entertainment options, and enhance user experiences. That will bring more impact on the Cardano ecosystem.
How do you intend to measure the success of your project?
With our business model, there are a lot of key metric to measure our success:
- The number of new SPOs created on our platform.
- The total value of ADA delegated to pools on our platform.
- The number of new smart contracts minted
- The total value of ADA traded on our marketplace
- The number of artists coming to our platform
- The number of artists successfully obtaining funding through our platform
- The total value of funds allocated to projects on our platform
Please describe your plans to share the outputs and results of your project?
- Documentation: We will provide comprehensive documentation that outlines the development process, technical specifications of our platform. This documentation will be easily accessible to the public, allowing individuals and organizations to gain in-depth insights into our methodology.
- Community Engagement: We will actively engage with the Cardano community and broader blockchain communities. By participating in forums, discussion groups, and community events, we create opportunities to share our project's progress, receive valuable feedback, and address any questions or concerns from the community.
- Social Media and Blog Posts: Through our active presence on social media platforms and regular blog posts, we aim to keep our audience well-informed about the latest project updates, milestones, and significant achievements.
- Regularly Update: We understand the importance of keeping our community and stakeholders informed about the progress of our project. To achieve this, we will provide regular updates on our website, ensuring that visitors have access to the latest information regarding our development journey. Additionally, we will offer newsletter subscriptions, delivering progress reports directly to subscribers' inboxes. These updates will highlight milestones achieved, challenges encountered, and other significant developments, ensuring that our supporters stay well-informed and engaged with our project's ongoing advancements.